Safran announces the acquisition of General Electric (GE)'s residual 19 percent stake in Morpho Detection (MDI). The operation results from the exercise of an option provided for in September 2009 when Safran acquired 81 percent of MDI from GE.
The residual 19 percent stake is valued at Euro 90 million and its purchase is financed by Safran's available cash in the current fiscal year.
Morpho USA now owns 100 percent of MDI. Morpho is the subsidiary of Safran dedicated to security.